CandleFocus DOGE Price Prediction for November 24
2024-11-24
Author: Content Editor
According to CoinMarketCap, bears have been more dominant than bulls in the cryptocurrency market. The price of Dogecoin (DOGE) has declined by 11.78% in the last day but has seen a rise of 13.58% over the past week. On the hourly chart, the price of DOGE is nearing a local support level of $0.3951, and if it closes around $0.40 or lower, a level breakout and a move to the $0.39 zone may be expected. On a bigger time frame, DOGE has rebounded off the resistance of $0.4385. If the decline continues, a test of the $0.36-$0.38 range may occur next week. From a midterm perspective, the weekly candle closure will be crucial, with attention on the resistance of $0.4385. If it closes far from that mark, sellers may take control, potentially leading to a drop to the $0.35 level. Currently, DOGE is trading at $0.4092.
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